It is very overwhelming to get into the real estate business with so many people already in the game. 

Your friends might not fully grasp their financial situation at all.Stash that entire $2k cash flow into your business savings until you have enough in reserve in your business to cover vacancies. 

@Marshall Hooper - Yes a 506(c) offering allows you to solicit funds from Facebook, TV, Radio, etc.However there are more steps involved. 

I recommend arriving at least 10 minutes early (depending on the event/venue) and bring business cards if you have them.

It is a competitive business and you have to really love hospitality (in my opinion) to get into STR, passive or not. 

I am making this my big push, as it is a win-win right now, alongside my property management business.

Let’s just say that this was not a good start to my RE business. 

I have a business opportunity to partner with a friend in purchasing  Property.

If you're uncomfortable with documents, get a business lawyer to write them for you.

I don't want to have to open another LLC and file taxes in another state for business.